515 Northeast Florence Avenue

Lee's Summit, MO 64063

$389,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Strong tenant demand in this well-located duplex in the heart of Lee Summit! Just off Chipman road with all the new shopping and dining options sits this well cared for two unit property. Each side features a one car garage, two family rooms (upstairs and downstairs) and a separate laundry area. The 515A side is newly remodeled with stainless steel appliances, countertops, all new flooring, bathrooms and paint. It has 3 bedrooms and 2 full baths. Expected rent to be $1475. The B side has a long term...Strong tenant demand in this well-located duplex in the heart of Lee Summit! Just off Chipman road with all the new shopping and dining options sits this well cared for two unit property. Each side features a one car garage, two family rooms (upstairs and downstairs) and a separate laundry area. The 515A side is newly remodeled with stainless steel appliances, countertops, all new flooring, bathrooms and paint. It has 3 bedrooms and 2 full baths. Expected rent to be $1475. The B side has a long term tenant who has occupied since 2015 but is on a MTM lease. That side is 3 bedrooms and 1.5 baths and was last remodeled in 2015. Each side has sub-metered utilities and tenants pay all their own expenses. The property is conveniently located near parks, restaurants, shopping centers, and don't forget top-rated schools in the Lee Summit school district. Don't miss out on this fantastic investment opportunity in this A class submarket! Owner agent.
  1. Listed by Michelle Lutz • Lutz Sales + Investments • 913-426-5576

Property Details for 515 Northeast Florence Avenue

Zoning
MF
LISTING UPDATED: 01/07/2025 10:32 AM

Property Details for 515 Northeast Florence Avenue

StatusActive
MLS #2524728
Days on Market5
Taxes$3,209 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1965
Lot Size0.29 AC / 12,796 SF
CountyJackson County

Building Information for 515 Northeast Florence Avenue

Stories2Residences2Year Built1965Building Size-Lot Size0.29 AC / 12,796 SF

Property Information for 515 Northeast Florence Avenue

Summary
Location and General Information
  • City: Lee's Summit
  • County Or Parish: Jackson
  • Directions: Take exit 15A for i-470 towards Lee Summit. Take exit 10B for 291 South. Turn Right onto NE Tudor Rd. Turn Left onto NE Independence Ave. Turn Right onto NE Columbus St. Turn Left onto NE Florence Ave.
  • Latitude: 38.922171
  • Longitude: -94.369008
  • MLS Area Major: 204 - Lee's Summit Area
  • Zip Code: 64063
  • State Or Province: MO
  • Subdivision: Hamel Heights
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $3,209.00
  • Parcel Number: 61-220-05-08-00-0-00-000
  • Tax Annual Amount: $3,209.00
School Information
  • High School District: Lee's Summit
Parking
  • Garage: Yes
  • Parking Features: Garage
Property
Lot Information
  • Lot Size Area: 12,796.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 12,796.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick & Frame, Brick Veneer
  • Documents Available: Lease Agreements
  • Documents Count: 4
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: HAMEL HEIGHTS LOT 29
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 22
  • Year Built: 1965
Utilities
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Laundry Features: In Garage
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total: 0
  • Unit Type: 3 Bedroom
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Natural Gas
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Gross Income: $30,300.00
  • Maintenance Provided YN: No
  • Operating Expense: $3,209.00
  • Operating Expense Includes: Personal Prop Tax
Unit 1
  • Unit Type: Baths Total: 2
  • Unit Type: Type: 3 Bedroom
  • Unit Type: Units Total: 2
Rental
Rent Information
  • Current Occupancy Rate: Under 80%
  • Deposit: First American Title Company
  • Existing Lease Terms: Month To Month, One Year Lease

Property History for 515 Northeast Florence Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 515 Northeast Florence Avenue

This home is within Lee's Summit R-Vii School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Meadow Lane Elementary School
PublicK to 5

Bernard C. Campbell Middle School
Public6 to 8

Lee's Summit North High School
Public9 to 12

R-7 Online Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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515 Northeast Florence Avenue is a multi-family home for sale in Lee's Summit, MO 64063. This property was listed for sale on January 6, 2025 by Lutz Sales + Investments, it's currently listed at $389,000. This listing's school district is Lee's Summit R-Vii School District. Nearby schools include Meadow Lane Elementary School, Bernard C. Campbell Middle School and Lee's Summit North High School. 515 Northeast Florence Avenue is a 0-bed, 0-bath, multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.